Question

Josiah invests $360 into an account that accrues 3% interest annually. Assuming no deposits or withdrawals are made, which equation represents the amount of money in Josiah’s account, y, after x years?

y = 360(1.3)x
y = 360(0.3)x
y = 360(0.03)x
y = 360(1.03)x

Answer 1

I agree, the answer is y= 360(1.03)x, except it isn't multiplied by x it's to the power of x

Answer 2

The answer will be y = 360(1.03)x. Hope it help!